Created in 1911, Chevron Corporation is an American oil, gas, and mining company. At one point, it became the largest company in the world. It is estimated that it has annual revenues of 220.264 million dollars.
Thanks to its ten subsidiaries, Chevron has a presence in two segments: Upstream and Downstream. In addition, one of its subsidiaries is related to Venezuela, which has been in the public arena due to differences between governments.
One of these works is the “exploitation, development and production ” of oil and natural gas, while the second fulfills the next step: refining the oil to turn it into different products.
Chevron’s most significant profits are obtained by refining and distributing petroleum products.
Chevron corp shares are traded on the New York Stock Exchange and are represented by the symbol CVX.
If you are wondering how much Chevron shares are worth, you should know that at the time of writing this article, they are priced at $179.45. However, it opened at $184.23, considered the highest for the day.
The lowest for the day would be $177.92. CVX Shares went down by 4.44% from the previous day.
If you plan to buy CVX Shares, you can choose the best investment platform. An investment platform is also known as a broker.
Currently, you will find endless sites on the Internet to invest in Chevron shares. These sites also offer many tools that allow you to know the Chevron share price and other important information.
It is advisable to use an investment platform that is safe and transparent. You have to look at the licenses and the bodies regulating them.
Also, their commissions are low, so the dividends when buying Chevron corporation shares are higher.
Lastly, if you have little or no experience in the investment world, the ideal is to select a broker with a simple and intuitive interface.
If the investment platform meets all of the above, then follow these steps:
- Register in the NSbroker.
- Check the account.
- Make a deposit.
- Buy Chevron stock.
Advantages of CVX Stock
The company has many advantages, and that has seen Chevron’s share value and revenue rise after the entire industry took a plunge.
That said, one of its strengths is that it is in the energy industry, covering a large part of the market and that allows it to satisfy all the demands or needs that the market has.
In addition, we are talking about a company where many of its operations are not carried out by intermediaries, which means that it saves much money in costs.
But without a doubt, the essential thing that Chevron has is that it is a company with global reach and is always moving forward with acquiring new companies in the sector.
Disadvantages of CVX Stocks
Of course, the company also has drawbacks influencing Chevron’s share value.
A clear example of this is the famous “Demand by Ecuador and victims against Chevron” due to an oil spill that contaminated the Lago Agrio area in the South American country.
It also plays against the volatile price that oil derivatives have had in recent years.